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ca.com. >> on welcome back. joining me now is--mr. burton. >> a roth is when you want to pay the taxes are now at today's brackets endured into a account or it can be tax free bread it will be tax free for the rest of your life. >> let's talk about what people should consider a roth conversion. >> the biggest one, there is a sweet spot a lot of people ree on 65 years old and a first couple of years you could have a very low tax bracket. a lot of people make mistakes about selling their stocks. what happens is said they lose control of their tax. you are forced to pull someone out at 70 and half whether you want to or not. a lot of times that with the calculations to slowly converge this where they have you pay the taxes. by the end of five years you have this big tax-free account to draw on. also it will reduce after seven the and have. >> how about the third donned the marginal oil and come tax. >> the roth version only works if you have the money on the side. you do not want use the money inside to pay. you need to have money on the outside. that is the to the strategy. what i am talking about says a
and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
now on the earned income tax credit. a recent report from the treasury department director general found that part of the eit see amos last year should never have been made. we will show you as much of this as we can before the white house daily briefing which is scheduled to begin shortly. host: we're going to be focusing on a program that offers tax low income earners from thees. a report treasury department specifically looked at the program. joining us on the phone is michael mckinney. he is with the treasury inspector general for tax equation. he serves as the deputy ig for audits. guest:ep for joining us. -- guest: sure. host: what was the intent of this report? guest: we are required to review this process for reducing improper payments. the iris issues a report to us and with 120 days we issue a report. the earned income tax credit is really the largest program it has where they make taxpayers. that is the program we assess. host: you specifically looked at tax credits put out in 2012. what have you found out? guest: one of the main provisions in the executive requiredthe a
with grossly incompetent. that's what works for me. i built a career on it. >> now they're tacking and taxing. why getting behind the wheel could put you behind the eight ball. >>> after fbn reported it, the mileage tax, get ready for other states to follow suit. >> can you imagine the people of oregon going along with putting a gps in the car so the government can -- >> we were wondering how do they know how far you're driving? >> more states are looking into this as a way to raise revenue, putting black boxes in people's car to tax them by the mile. the devices can either track where you are and that has a lot of privacy experts worried. but should they? attorney says no, they should not. but michelle says, well you know what? this is the government going berserk. michelle, ye of little faith. >> of course i'm berserk over this. why do you have to know where i'm going? >> i'm not. it's the government. >> it's this little information, this is why we need this information-but it gross into something else, and this kind of information winds up becoming too valuable to other agencies. so, while
david cameron taking questions from members on energy policy and green energy taxes. this questions to the prime minister. >> thank you, mr. speaker. i'm sure the whole house wished to join me in paying tribute to lance corporal james brinen who died in afghanistan. it is clear from the tributes that he was a highly talented and proferblal soldier. our thoughts are with his friends, families, and colleagues. he has made the ultimate sacrifice and we must never forget him. on a happier note i'm sure the whole house will join me on celebrating the christening of babey prince george. in addition to my duties i shall have further meetings later today. >> mr. speaker, could i join my right honorable friend in his tribute to corporal brinen. our thoughts and prayers are with his friends and family and also in his applause for the christening of prince george this morning. could i ask my honorable friend does he think is a good time from the apology for the police the troduced around also leader of the opposition? >> let me start by saying on behalf of the whole house and everyone in the
is to increase the tax on those drinks and use)-r that money to fight childhood obes y obesity. nbc bay area's christie smith is live in san francisco. other cities have tried to implement a soda tax just like this. >> reporter: yeah, that's exactly right. if this were to pass in san francisco, you'd pay a 40-cent tax on a soda this size, assuming it were all the way full. now, as you said, these types of taxes have failed before, even right here in the bay area. supervisor scott weiner thinks this time will be different here in san francisco. that's because he believes that san francisco voters would be willing to tax the drinks if they know thath@$ proceeds go toward programs that help keep kids healthy. the proposal is a tax of two cents per ounce on sugar-sweetened drinks. he said there's clear evidence there's a link between these types of drinks and obesity and type ii diabetes. a recent poll shows $x68% of californians would support a tax if it went to fitness and nutrition in schools, youth, and after-school programs. that's what this would do here in the city, bring in an estimate
recoup that money, that is a quote from him. he was a do it to a windfall tax. i say we need a price freeze, what does the prime minister want to do to recoup that money for the consumer? questionanswer the directly. we need to roll back some of the .reen regulations and charges yes! yes x? we all know who put them in place. >> very overexcited. i want to hear the answer. let's are the prime minister. >> he talks about john major winning elections, and he's right. he bk wheat and incredible labor leader. , and he isalso said absolutely right, was that labor's policy was unworkable and he is absolutely right. what we need to do is recognize their are four pieces to an energy bill. there are the wholesale prices which are beyond our control, there are the costs of transmission and the grid, which are difficult to change, their other prophets of the energy company and there are the green regulations. it is those last two that we need to get to grips with. i can tell the house today that we will be having a proper competition test carried out over the next year to get to the bottom of wh
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
subsidizes health care for people under 65 is through a tax provision, where if your employer pays your cash, you pay taxes on it and if he pays in health insurance, you don't pay tax. this reduces revenue by $300 billion a year. if it were a government program, it would be one of the largest within the federal government. the way the subsidy is structured, the higher the tax rate, the more it is worth. ted cruz, his wife is a highly paid investment banker, they get their insurance through a cadillac plan at goldman sachs and it cost $40,000 a year in 2009. to get a sense, family health insurance would cost 15,000 or 16,000, well more than twice as expensive as normal. the tax benefit is worth about $15,000. now the cost to insure a family of four on medicaid at that time was about $11,000. so that it's not that their health plan cost more than medicaid but the part subsidized by taxpayers cost more than the entirety of medicare coverage. what the affordable care act does is shift around the subsidies, it takes the money and puts it to people who need it either because they have low incomes
the attention away from things like obama care, taxes, energy, those issues that are going to affect virginia in the next four years delayed our ability to get to voters at least to be on the front burner, so to speak. and that's where we are now. >> so it hurt. >> that's what we have to close with. >> it hurt? >> it compressed time to get people while they're paying attention to this race. >> steve. >> bret mentioned this independent libertarian style candidate. he is taking as many as i think the average was 9.5%, 9.5 points if you look at the quinnipiac polls and other polls, if his voters were your voters, you would be winning. how concerned are you about him and what's your pitch to libertarian style voters? >> i'm the most-accomplished pro-liberty candidate that's actually been elected statewide in virginia in my lifetime. so what we talked to them about is my actual accomplishments. being the first to challenge obama care, being an attorney general who's going to leave office having helped exonerate more wrongfully convicted felons than any other a.g. in history. whether it's fighting
court upheld the mandate as a tax but president obama went in front of the entire nation to say the mandate was not a tax increase so we have unilateral reinterpreting of the lock over the last three and a half years. gerri: one more caller from new york about the single payer system. caller: to do you think the obamacare concept and kellogg was designed to create a single payer system to a implode? gerr ttsreat estn. >> ion'thin he ishat vio. aughr] iann beeve the american people after having watched this trade racal vote to give more control to the federal government. gerri: but it is interesting >> i think they have the assumption most of the house plan would move into the exchange but now basie health insurance will try to stay out to offer plans outside pool is the opposite of what they anticipated. this has been so miserable. gerri: is it possible that insurers' move out of the system? >> i agree. they're all sorts of problems you could end up with only sick people the sequester could cut insurers' to the tune of billions of dollars are they could pay for the sequester cut
. >> the contributions were intended to help defeat governor brown's proposition 30 to raise taxes and pass the anti-labor measure proposition 32. they went to court before the november election pushing the group to disclose the true source of the contribution. she's now headed to washington d.c. to serve as president obama's appointee on the federal election commission. before thursday's settlement was announced, she spoke with scott shafer about the challenges of informing voters about the flood of money in today's political campaign. >> welcome to "newsroom." >> thank you very much. >> well, the fair political action commission, which you chair, or have chaired, was created after waterfwat. there was a lot of cynicism about politics. how do you feel you have made a difference under your tenure there to, you know, enhance trust or faith in our political system? >> the purpose of the ftpc was to enhance faith and trust. clearly a large percentage of americans do not feel that trust in government. we have made inroads, though, and i think we've provided much greater disclosure. we've shown the publi
and that they're beleaguered, you know, bank. but what they do get out of it in some cases is tax deductibility. certain aspects of settlements are tax deductible. and they can use that as a negotiating chip for the entire settlement if the justice department allows it. so, we're not clear yet on how much of this will be tax deductible. that would certainly be a benefit to jpmorgan chase. and it would mean that the taxpayers are once again subsidizing this very profitable large institution. also there's a sense that, you know, maybe we can put this behind us, we've paid the freight, we are -- we've been held accountable. but again the problem with that argument is that it is the shareholders who are being held accountable, paying the price, not the actual perpetrators. >> what i hear you saying is that the wrongdoing at jpmorgan, jamie dimon's own failure to manage the offenses created by other executives and by traders and all of that, all of that cost or much of that cost is being passed down to taxpayers and shareholders? >> yes, that's correct. >> that doesn't seem fair. >> well, that's our
in through current pay ral taxes. there's bell -- payroll toxes. there's enough to cover 77%. >> the solution to the social security problem includes raising taxes, taxing more of what wealthy people earn or reducing benefits. or raise the age when people can take benefits. none of the solutions are politically popular. >>> there's a chance you are one of millions of americans with no professional help managing money or planning for retirement. deloittes says 58% of us have no plan in place. a reason is we don't trust brokers or financial planners. there's about 130 web-based companies offering help raising from online services that let you mimic top traders. a group of online advisors attracted more than a million customers by offering low fees and convenience to people who do not need much handholding. >> this man is as tech savvy as it gets. with a few start-ups at 33 years old. like many americans this san francisco resident admits he doesn't know the first thing about investing. >> i know you shouldn't keep your money in a savings account. that's what i do know. >> he paid a financial ad
the vote, that got us a tax system that allows us to tax the wealthy and tax appropriations. if our grandchildren -- if our grandparents can do that, who are we to say we cannot? let me offer this as a viewpoint. that washington was not as dysfunctional then as it is now. i can do better than that. there were people in washington then, no matter how much they disagreed with the other side of the aisle, they were prepared to shut t government down a couple of times in 20 years to make their point. i'm just trying to get a sense of whether or not things have gotten so bad now, and people are so recalcitrant in their inability to compromise and to to shut the government guys they can't have their way, i'm trying to see how a constitutional amendment can legislate in that kind of framework. here is an important thing to understand. country,ars of this they did not allow slavery to be debated in congress because they thought it would be too contentious. we would not even talk about it. we finally started talking about it, but it wasn't easy. it was ugly. it was difficult. i think we have
in $5,200 a year but the league untouchable by the tax man? why the league has been able to be tax exempt and who is trying to stop that. >> a new study reveals music does more than make us all dance. why children might want to listen to us before they take a test. [ grunts softly ] [ ding ] i sense you've overpacked, your stomach. try pepto to-go. it's pepto-bismol that fits in your pocket. relief can be yours, but your peanuts... are mine. ♪ we need a new recipe. let us consult the scroll of infinite deliciousness. perfect. [ wisest kid ] campbell's has the recipes kids love. so good! [ wisest kid ] at campbellskitchen.com. [ gong ] m'm! m'm! good! >> 26 palestinian prisoners rb released. they will be the second group of prisoners to be let go since august. israeli and palestinian representatives began talks in jerusalem this summer after a three-year hiatus. as part of the process israel agreed to release 104 palestinian prisoners. edwa a trader according to michael morrell. he claims the nsa leaker caused more harm than good-bye releasing the nsa secret play book. still the f
care. >> if you made less than $250,000 a year your taxes will not increase a dime. we'll lower your premiums. if you like your health care plan you'll be able to keep your health care plan, period. if you like your doctor, you'll be able to keep your doctor. >> not one bit of that is true and it never was. the reporters are no longer accepting it as fact. if the republicans will focus less on each other and more on the broken trust of president obama with the american people there's some real opportunity here. just remind people of what the president has promised. we don't even have to tell people his promises were as reliable as a pup tent in a tornado. they'll hear the promises and know their own circumstances. in most situations the only winner in a divorce is the lawyer. divorcing this president from the media and comedians is a good thing and it's long overdue. [ applause ] my first guest has been asking questions of jay carney about the obama glitches. getting answers hasn't been easy. >> is she the quarterback for these mistakes. is the hss secretary responsible? is the presi
's proposals the tax cuts or spending cuts increase of defense spending he promised reagan you will get a vote on everyone by august 1st and he won every time for and gave him a schedule. no games. today you have to fight with the filibuster rule. that is why they began with a good relationship. also the assassination attempt that made reagan very hard to criticize. he came back like lazarus. intuitively the people said he made it maybe he should have. maybe there's something fair something fateful about his survival it was meant to be. maybe he should get his turn would never was there before was all lot there afterwards an a lot harder. but i think he knew he was underscore purpose in he was driven after that. it was right here. they did pray after words the 23rd psalm in fact. a person lives nearby in the room and tip really did kiss him on the forehead and they really did hold hands and it was something. we don't have much time for that. the speaker was my boss and i really respected him because he knew what it meant to be unpopular just as reagan was in his wilderness period coming out of
is that over 10% of america's largest companies pay zero percent tax rate. i would like to know where the big target shooter stands on that. does he think that's fair for average americans? that 10 percent of meramerica's largest companies pay zero percent? never answers those kinds of questions because the conservative media protects those folks. cruz cares about protecting his big money corporate interests, and he's always at work. he wants those folks to put him in office. and you know what, as of late, there is no better example than his most recent stunt. pay attention, folks. ted cruz is blocking president obama's nominee for chairman of the federal communications commission. now, the president has nominated ex tell com industry lobbyist tom wheeler. good guy. wants him to head up the fcc. now, of course, there are five seats on the federal communications commission, and three of them are vacant. and, of course, they're looking for some good democrats, because that's how it works when you have a democratic president. wheeler is a democrat, and republicans are worried that he might, wait
of this and navigate it. thank you. bill: your income tax, sales tax, how about a driving tax. why some states are now looking to charge people for every mile they drive and how the world with a plan to track that? martha: the old saying lice may never strikes twice turned out to be a myth for this man. we will tell you about his very close call. hi. i'm henry winkler. and i know there are many myths out there about a reverse mortgage, so i want you to know the facts. there are currently no credit score or income requirements to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! bill: so this man takes his
early next year? they're going to cave on the budget? what are they going to do about taxes? well, they are here next. ♪ inside out, and round and round♪ ♪ upside down you turn me, you're giving love instinct tiffly. round and round you'll turn me♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead.
capability back in the early '80s, and it proved a remarkable decision on his part. >> and to cut taxes. >> and cut taxes at the same time. so i'm not opposed under certain circumstances to running deficits. the debt is another problem and we've gotten to the point now where especially because of entitlement programs but because there really hasn't been much done in the way of trying to restrain spending, we now have trillion dollar deficits every year and a $17 trillion debt we are passing on to our kids and grandkids. that concerns me. >> a lot of economists look at the debt and say a lot of the reason for the debt, in addition to the entitlement programs you're talking about, are things that you and president bush did in terms of funding or not funding the iraq and afghanistan wars, in terms of the medicare prescription drug benefit and in terms of the tax cuts. are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good prog
, but with the threat of tax. yesterday we all know better. if you like your insurance, you won't necessarily get it keep it because president obama and 279 congressional democrats chose to pass a flawed law that for many strips the choice away. i yield back, mr. speaker. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from south carolina seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. wilson: mr. speaker, the augusta chronicle lead editorial on saturday hit the nail on the head pointing out that the real truths about the obamacare train wreck. americans remember a, quote, soothing assurance from president obama in 2009 when he was hawking his affordable care act to the masses. if you like your health care plan, you can keep your health care plan. now tell that to the hundreds of thousands of americans who already have received letters from health plans essentially telling them you are on your own, end
to repair roads but they think it's difficult to push taxes up on the gas price so they're looking at other ways. it's a user pays approach. if they study how many miles you cover by putting a little electronic box in your car maybe they can charge you appropriately for the amount you use the highway. there are privacy groups that say putting this device into cars means someone will be able to spy on you. guys, the nsa is doing it already. don't worry about the black box. >> and of course there was a day when just your taxes would pay for the roads. that's an interesting thought. we'll see you tomorrow. this was a man that once said i have a ba in dope and a ph.d. in soul. one of his classic lines. lou reed. lead singer of the band velvet underground died. the word icon, we throw it around a lot these days but there's little other way to describe lou reed. he influenced musicians from david bowie to talking heads and beyond that. velvet underground was backed and produced by andy warhol with the iconic banana on the cover of the first album. that album was a flop. it only sold 30,000 copies
, more taxes, and a completely amoral cultural system. this is your children's book for the summer. >> two are very much. -- thank you very much. >> if youver forget who you should vote for, read this book. kids, give them nightmares before they go to bed. through christ our lord, and thank you for this time together, amen. in a campaign, you learn to prioritize, and pro-lifers and evangelical christians are huge supporters of the republican party along with big business, but there are only so many ceo's in the world. this is a tight race, and it is my first experience with negative campaigning. i hope it is received well. the music ended up being dark and negative, and it is exactly what i want associated with janet, negativity. that is janet. she looks sickly. it is bound to help subliminally. for the second half of the song, it is upbeat, we are leaving darkness, and we go into a happy place. people can make the argument that it is manipulation, but our goal is to win an election. that is the point of politics, to win elections. i is basically everything would like to become, an
reform and we don't have that much in the way of taxes. >> the dodd-frank financial regulations law. what can you tell us about that. >> it's like health care. a lot of republicans don't like it. these two ideas many think hedging risks was the head of the financial crisis. a lot of people including ben bernanke and the federal reserve chairman, their ability to do it again. they limit the ability of labor department to impose new standards, it will make them wait for the sec to react first. since the debt ceiling bill, is there a backlog bill up this week also? it's boring writing sometimes. but they do bipartisan bill as a result of both parties. >> he writes for the floor action blog.com. >> so the house and senate votes will be postponed to 6:00: 30 p.m. eastern. later in the week, two bills with industry regulations. one would remove regulations on financial swaps. be back at 2:00 eastern debating the nomination of richard griffin jr. for relations board general counsel. he's a former union lawyer. a federal appeals court ruled that was invalid and he was removed after a year and a
republican after republican talking about cutting taxes, talking about growing the economy, but not reaching to of the folks of middle-class, marking -- working men and women. it is like the republican party has written another class exists >> i certainly agree in terms of making that contact with working families. the biggest jealous families face a virginia is economic opporunity, jobs. there are enormous loss of virginia verbal of leisurely judge of the members because there have been unemployed so long three they're focused on that. a big difference. i can explain my plan to grow jobs and cut taxes. he is proposing more government spending. $1,700 more per family. other than zero in this month on obamacare. there is a stark difference also. once again come his approach is bigger government and-smaller government. was the first of five obamacare. lou: you were the first one to sue on obamacare. >> right. lou: at the same time, is that an issue for virginia voters? we look at these numbers. we're talking about, you know, roughly 10 percent of the folks that are going to the polls, federal
for a graduated income tax. how you can possibly defend a man who started the fed-- which is controlled by the illuminati, and an income tax-- this is the guy who is crippling us with printed money. >> well -- >> stephen: thank you, thank you. a member of the bull moose party still here. ( laughter ). >> woodrow wilson, this is a man who wanted to level the playing dispeeld he thought this was a way to do it. he thought this was a way to make a fairer country. >> stephen: that's called redistribution of wealth. >> it is just that. >> stephen: that's class warfare. >> it is. >> stephen: that's class trench warfare. yeah. do you think that was the right thing for him to do? >> the question is not whether i think that. >> stephen: it's your book. it's your book. >> well -- >> stephen: i already said it's not the right thing to do and if you're not saying it is the right thing to do i will win every argument. >> i want readers to come to their own conclusion. >> stephen: what kind of a book is that. >> it's a think for yourself kind of book. >book. >> stephen: a think for yourself k
fees and taxes on their industry. there is probably a next bag for a lot of companies involved in health care. host: there was a story by "the lost angeles times." some of their health insurance is going to get pricier. our health insurance companies changing their policies for members because of the affordable care act? guest: let's talk about what is happening in the individual markets. there are policies that may not offer the same comprehensiveness of coverage that the affordable care act has. it covers maternity care and hospitalization and so on. they are getting noticed that the current policy will not meet the federal standards. this story has gone a lot of attention in the press this week. this coverage is no longer adequate. you can enroll in a different policy. you may pay more or less for your coverage. this is something that is upsetting to people who like the policy they had. host: jane up next from tampa, florida, uninsured. caller: good morning. i have not applied for the aca but my son did and he didn't have a problem with it. i do not understand why it is such
states where he previously practiced medicine but mary it intends to reapply for lessons in taxes. murray has been sentenced to serve four years behind bars but a change in california law allowed his in carson it- incarceration time to be significantly cut down. sacramento police said one man is dead and six others wounded after a drive-by shooting at a halloween party. witnesses told police that just after 130 am sunday 8 to door bmw drove by and someone inside opened fire on people as they were leaving the event. the victim was a 28 year-old father of three. the six others were wounded were transported to hospital and are expected to survive. the party was promoted on line. police said the party was illegal because promoters were charging people to attend what was supposed to be a private event. >>darya: a new report underscores what health professionals know but parents and not. the flow can be find out--fatal to children even help the kids who don't have other medical conditions. researchers with the centers for disease control and prevention found that 830 kids to die from so related
and from the national hockey league would generate about $91 million in addition tax revenue every year, that's not a lot of money but consider this, $1 billion, that's the amount taxpayers pay to subsidize the nfl every year for new stadiums and other costs. at least that's by the calculation of author greg easter brook, greg has written a new book called the king of sports, football's impact on america and he joins me now. greg, good to see you, thank you for being with us. this is isn't attack on everybody but some people have to pay it. one example you site is the indianapolis colts whose stadium was 100 percent paid by tax payers. tell me what the problem is here. >> well, it's -- the stadium is entirely taxpayer funded, and the bill an area owner family, the irsay family keeps nearly all the remembe revenue generaln that stadium. they could have paid for the stadium themselves. why should taxpayers funds the construction of stadiums that the nfl uses entirely for its own private profit there are on in many other cities? chicago should taxpayers ever fund a private profit-making fa
and other strategies to flip properties 100% tax-free. these are killer ways to invest in real estate and possibly build a retirement account for you and your family, because your money's gonna be growing so much faster in a tax-free or tax-deferred environment. you see, working a job and just saving money alone may not get you to your long-term financial and retirement goals, and that's why it's so critical for you to learn these powerful, long-term wealth-building strategies. >> right now, we're working on houses number 14 and 15, and we have number 16 in contract. and on our last four deals, we're averaging $100,000 in profits on each deal. >> after all the closing costs and all the expenses it took to do the rehab, we made approximately $110,000. >> this house behind me -- i got it under contract, and using the strategies that you taught me at your event, i was able to sell that contract, and i made over $9,000. >> we're averaging $25,000 profit per deal. >> i just wholesaled a deal to a wealthy cash buyer. i made $30,000 in about four hours of work on one deal. >> as you're watch
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
starting to produce report cards because we no alcohol produces tax revenue for the government that while we have those emergency room we can understand it is costly. i think we should take a hard look at marketing. i don't think we should have the marketing allowed that this is in social media that is wrong and i think we should see what is targeted to the teenage drinker those pre-mixed drinks should not be categorized as malt beverages to be sold like beer and sold cheaply. it is just wrong. >> host: what other things and do you think needs to be included in that public health strategy and what that would be? >> guest: brady to take a hard look at treatment with the reinvestment not just for the rich and famous but i will give you an example. i was in the last six months a lot of the programs aimed at children of addicted parents have gone the way of the dodo bird with health care cuts. . . so cheap and accessible and taxed in the united states and privatized. we have a problem. >> so we get to a place where there is pending? this particular disease as well as others. >> absolutely. >>
,000 a year, your taxes will no increase one single dime. >> i've got a plan that says if you have health insurance we're going to lower your premiums by $2,500 per family per year. >> if you like your health care plan you'll be able to keep your health care plan, period. if you like your doctor, you will be able to keep your doctor, period. >> hmm. not one bit of that is true. and it never was. and the reporters are no longer accepting it as fact. if the republicans would focus less on each other and more on the broken trust of president obama with the american people, there's real opportunity here. just remind people of what the president has promised. we don't even have to tell people his promises were as reliable as a pup tent in a tornado. because they're going to hear the promises and they're going to know their own circumstances. in most situations, the only winner in a divorce is the lawyer. but in this case, divorcing this president from the media and the culture of comedians is a good thing. and it is long overdue. [ applause ] my first guest tonight has been asking questions of
that americans get affordable care without all these regulations, mandates, taxes and there are ways that we can do it. what we are seeing with this healthcare law and so much attention is to the web site. the web site is really just the tip of the iceberg, there are big problems coming with this, greta. >> should secretary sebelius step down or get fired. >> the president gets to make that decision. >> what do you think. >> i have called for her resignation. i think when jon stuart and "saturday night live" are making fun of the job that you are doing and the web site, what that speaks to is the fact that young americans are laughing at the secretary and the web site. these are the people that the president is trying to coerce into buying insurance that is more expensive and more insurance that they want or need and in many cases can afford. that's the only way that you pay for the insurance for these older, sicker individuals to make these younger people buy it. >> at this point though what would be achieved by that if she were, you know, if the president said you have got to go or she decided
for me to take this tax. think about that for a second. if that continues at this pace, it could be a $3 trillion or $4 trillion expense to the american people. he said you can keep your interest. they lied about so many things. to get this thing passed. from top to bottom. they talked about abortion not being in it originally. they even got one congressman to sign on, promising him abortion wasn't going to be in it. >> stupek. >> right, top to bottom, they've lied about it. talk about this for one second. when you realize how much this is going to cost them, they'll have to do one of two things. either tax the hell out of it and give the irs, they're going to have to muscle them up. right now, the irs can't garnish your wages. you just have to hope these people pay their taxes. or they're going to have to turn around and say every taxpayer in america is going to have to pick up the tab. >> that's what's going to happen because they don't have enough money in the till to balance it out. now you've got young people that are going to be uninsured, angry and penalized by the federal governm
by a discussion on the government's efforts to fix the health care law's website. then, the earned income tax credit. how it works and who is eligible for refunds. journal live every morning at 7:00 a.m. eastern on c-span. monday on the c-span networks, the mortgage bankers association will hold its annual convention in washington dc focusing on the future of the housing market. donovan, include shaun richard cordray and edward demarco among others. the jack kemp foundation will honor former florida governor jeb bush with its annual leadership award. past recipients include paul ryan and fluorescent -- florida senator marco rubio. the event will take place in washington dc with john boehner and tim scott. at 7:30erage begins p.m. eastern on c-span 3. >> there is over 100 wireless carriers in the united states. we represent from sprint, t- mobile all the way down to the smallest careers of the united states. it may not be your normal household names but in the area that they serve, they are important to the community. they are community-based and small businesses. we have 100 carriers. some ou
. based on its expected ipo price, there is a new report twitter will save $55 million in taxes because of the deal with the city of san francisco. >>> the world series now a tie at 2 a piece. johnny born and raised in petalunma. they beat the cardinals 4-2 last night. >> i was fortunate enough to put a swing on a good pitch. >> game 5 of the world serious tonight you can see that game right here on channel 2. coverage begins at 4:30 >>> hundreds of business leaders will be joining warrior fans for a special event in downtown san francisco. they will attend the first warrior tip off lunch. warriors are teaming up with the san francisco chamber of commerce for this event promoting the bay area's pro basketball team. the warriors begin this week. they plan to move to a new arena by 2017. >> the latest investigation involving a bay area nursing home and workers walking out. we'll have a report for you. >>> we are live in san jose where police are on the scene of a deadline accident. we have the latest information on the investigation. >>> high winds. cameras in effect near 880. we have mor
behind the low income housing tax credit as the country begins to discuss tax reform. all of us know how important the tax credit's been in increasing the supply of affordable housing. that's why the president and i have championed it time and again, most recently calling on congress to continue to support this tool as part of the president's housing plan. and i urge you to continue to do the same by letting congress know that not only do we need to keep the tax credit, we need to expand it in order to better address the needs out there and provide more flexibility for the credit. together all these steps to improve conditions for multifamily lenders, single family lenders and buyers will go a long way in accelerating our housing market's growth. but we all know that in addition to recovery, we've also got to insure that a crisis of this magnitude never happens again. all of us in the administration have already billion working towards this -- been working towards this important goal, and the president's eager to take the next steps towards reform. naturally, this is going to require act
with the tax foundation, the chief economist. thank you. program today. another addition comes at 7:00 tomorrow morning. we will see you then. [captions copyright national cable satellite corp. 2013] >> both chambers of congress are back today. the house gavels in at noon eastern time for general speeches before considering a series of suspension bills dealing with veterans benefits and requested votes will be postponed until 6:30 eastern. the senate is also in today beginning at 2:00 eastern for general speeches until about 4:30 when they will then debate and take a pulmonary vote on the nomination of richard griffin junior for national labor relations board general counsel. you can watch the house live right here on c-span and see the senate live on c-span 2. high-ers will conduct profile hearings including one wednesday with health and human services sucker terry kathleen -- secretary kathleen sebelius. at 9:00erage begins a.m. eastern wednesday on c-span 3. off capitol hill, president obama is at fbi headquarters this afternoon. you will deliver remarks at the installation ceremony of james
are not going to pay for the insurance in other states. we pay money for our federal taxes, we're going to get that back. you look at states like texas and texas is going to have all those texans paying for the insurance in california or in michigan? i don't think so. it's a great 2014 issue for both congress and for democrats running for governor. >> that's not the case. texas is not expanding their medicaid rolls. they're not giving them away because they're not expanding the rolls which is care cost for them, and you know the obama care only pays the bills for a short period of time. 90% but they don't pay the whole thing. again, you're asking people to expand the role of government, and in texas, they don't want to do that. they want to have private sectose sectors -- >> so they'll give those away. the texans pay those taxes. >> those tax dollars are not paying for obama care. >> let's not just talk about the expansion of medicaid, though. i think it's very easy to lose me and a lot of our viewers here. keep it to the big question, which is, how did this get botched and what are the conseq
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